Contracts have been awarded to the companies Comercializadora Sophy, Calypso Investment Corp and Jose Vega to build two stadiums and a gym in Panama.
The report entitled "Construction Projects in Panama - December 2016", prepared by the Business Intelligence unit at CentralAmericaData. com, contains a list of the main construction contracts awarded in November.
With the endorsement of the contract the companies Constructora Pirenaica and Grupmas Constructors will be able to start construction of the park in Chilibre, Panama Norte.
The park to be built in Chilibre, Panama Norte consists of a circle of 20 hectares which will have a center for municipal services, a sports complex, family recreation areas, retail markets, kindergartens and permaculture demonstration gardens, an arts and crafts school, green areas and areas for recreation, cultural events, sports and educational programs.
The Guatemalan Environment, Culture and Sports, and Interior Ministers have suggested that the law was broken in extending the Perenco oil exploitation contract.
According to Luis Ferraté, Environment Minister, by expanding the scope of the project the extension violates laws regulating hydrocarbon exploitation, in which "only contract extensions are authorized, not modifications or expansions, as stated in the contract signed by the Minster for Energy and Mines (MEM) with Perenco".
Works at the airport, works on riverbeds and construction of sports infrastructure are some of the projects which were awarded to private companies in May 2016.
The report "Construction Projects in Central America", prepared by the Business Intelligence unit at CentralAmericaData.com contains a detailed list of major construction projects awarded by Central American governments.
The multinational has reached an agreement with the main Honduran labor union to create a $1.54 million relief fund to help workers made redundant.
Two factories that supplied NIKE were forced to close in January 2009 and still owe $2 million in salaries and benefits to 1,800 employees, an insignificant amount compared to its $19 billion revenues last year.
A 6,000 km long submarine cable with 100 Gigabit capacity will expand digital links between Central America and the rest of the world.
A statement from Alcatel-Lucent reads:
A consortium consisting of the telecommunications operators Cable & Wireless Communications, Setar, Telconet, Telefónica Global Solutions and United Telecommunication Services (UTS) has signed a turnkey contract with Alcatel-Lucent to deploy a 100G submarine cable network, in the Pacific Caribbean Cable System (PCCS), which will link Jacksonville Florida with Manta in Ecuador.
The canal country is growing as a host for international meetings and at the end of 2012 there were 126 events which accounted for the occupation of 120,000 room nights.
Caribbeannewsdigital.com reports that "Vice Minister of Tourism, Ernesto Orillac, during EIBTM, Barcelona reported that Panama will receive at least 40,000 visitors who will take part in over 15 worldwide events over the next two years. One such event, the Ironman Panama sports tournament will involve the arrival of 2,000 visitors in February 2013. In May of next year it is expected that around 15,000 people will gather together across the Americas for the World Missionary Movement. Among its projections, the Tourism Authority of Panama (ATP) aims to generate about 400,000 room nights in late 2014 and also obtain an acceleration of tourism growth of between 12% to 15%, explained Orillac. "
The developer, Nova S.A., has been awarded the contract to construct the $25.8 million project.
The development comprises a residential area with buildings of various sizes, commercial premises, kindergarten, health center, police station and recreation areas (sports field, parks) and all the infrastructure services necessary for a complete housing solution.
Recommendations have been made to Guatemala to update and modify the legal framework for state contracts and disclosure on public works, something that is not done officially.
These recommendations were made in the third report on transparency in the Construction Sector by the World Bank (Cost). The study notes that there is opacity in the delivery of information about buildings, as there was a reduction from 65% to 54% in key information on 17 projects covered by the research conducted in 2011.
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